A follow up to Sunday's video on Gold, the commodity, GDX looks like it is almost ready to break out of this consolidation. The fundamentals are clear and suggesting you want to look to this sector now! Hope you guys enjoy, I would love to hear all and any feedback. Have a great day all!
The long-term count would suggest a move back up to $450-$465 in order to complete 5 wave higher. This is in light of extreme bearishness towards the company!
There a lot of talk about Tesla as a business, typically negative views and much of which I agree with however markets move based on liquidity and I dont see any data suggest we are trending to an economic downturn within the next 6 months. With a massive short position and the chart sitting on support for what could be labeled as a wave 4, we could see a big...
Hi guys, I'm Rob from Macro Insights. Today I have a piece on Gold outlining why from a probabilistic outcome Gold is a fantastic opportunity on the long side. I believe you have to look at each asset and analyze 1) the macro top-down picture, 2) a fundamental bottom-up analysis of the asset, 3) what is the positioning/sentiments & 4) you gatekeeping, technical...
Will be writing about my thought on this for Sunday at the link posted on my profile
I believe we have completed our correction, next more higher towards $19, then onto $23 further out! See my blog link for my fundamental reasoning
Yen up, Gold up, GDX up
200 Day MA touch, harmonic pattern, falling wedge! Average cost $23.43 looking for $51
As yield curve steepens it is dis-inflationary initially, looking for a break lower
My fundamental/macro view would see BoJ follow ECB into a tighter monetary policy. If that is the case come Friday 21st irrespective of a rate hike USD should sell off repeating the rate hike in December 2015. With that expectations the crude oil chart looks as follows to me. Price is compressed inside a symmetrical triangle. There is a bullish gartley on the 4h...